75% of the adult population in
currently have no Will, but should have one prepared immediately!
Of the 25% who do, many, many of them
have the wrong type of Will and should have it checked immediately!
In these days of spiralling
house inflation, more (and bigger) inheritances and higher standards
of living in general, many more people than ever before are falling
into the trap of Inheritance Tax. Many fall into it because they are
never made aware of the dangers, whilst others believe that there
simply isn't anything that they can do about it...but they are
In addition, improvements in medicine, allied to better diet and
living conditions, means that many more people are living to a far
greater age than ever before, which is fantastic news. However,
there is a down side to these developments, and it's the
unmistakable fact that more elderly people will require the
accommodation of a Care Home at some point in their lives. That in
itself may not create a reason for concern or worry as most of them
provide a standard of care unavailable elsewhere, but a major
concern often is...the cost! You can work all of your life to
finally own a home of your own...a home you can leave to your
children...only to lose it to pay for Care Costs in later years.
Most people believe that there is nothing that can be done to
protect their hard-earned homes...but they are wrong!
Many people today live as part of a couple, but are not legally
married. They often live safely in the (mistaken) belief that they
each will inherit from the other should one of them die without a
will. This is not true. In law they might as well be strangers
because they are entitled to NOTHING!
Parents of young children need to consider the subject of Guardians
and very often have done by appointing Godparents, with the
assumption that these 'chosen' people will look after their children
if something unforeseen happens to them. Unfortunately however, the
concept of Godparents has no basis in Law, only Guardians appointed
properly in a Will does.
Married couples often wrongly assume that the simple fact that they
are married means that they will automatically inherit everything
from their spouse. THEY ARE WRONG! In fact unless the estate is
relatively small the only time they will in fact inherit everything
is if the deceased person has no parents, no brothers or sisters, no
children or grandchildren and no nieces or nephews. (How many people
do you know in this position?)
The most common expression we hear is, "I know I need to make a
Will, I'll get around to it." But the sad fact is that most people
never do. A recent newspaper headline read, "There are more women
who fall victim to intestacy than to divorce." This article
highlighted the potentially devastating prospects of dying without a
Will to those loved ones left behind.
The biggest hurdles to overcome in taking the important step of
protecting your family against intestacy, are procrastination and
We can help you overcome these hurdles quickly and effortlessly. Our
fully trained Estate Planning Consultants can advise on all related
matters, and all in the comfort and convenience of your own home!
All documentation is prepared by fully qualified legal
professionals, from LSN and as the very first company in Scotland to become full members of
The Institute of Professional Willwriters (IPW), you can be sure
that your affairs are in the safest of hands.
for more information.